Dec 8, 2012 1:00am PST
rachel maddow show" starts right now. ezra cline filling in for "the rachel maddow show" tonight. >> good evening. a dreary december day turned out to be full of news today including big news out of the supreme court. and one of the coolest pictures ever having a big revooufl. but we begin with important news out of washington. for all the squabbling politicians and the whining pundits, we can announce to you tonight, right here, right now, there's a budget deal that's becoming clear. our long national nightmare might almost, and i repeat, it's washington, almost be over. this is kind of like one of those kids games where you have to look at a picture that looks like nonsense until your eyes filter out the garbage and you can finally see the sailboat. that's what's going on in washington. you have to filter out the garbage. take yesterday for example. i don't tune into c-span 2 for comedy, just because it's good television. but the senate was being hilarious about the debt ceiling, which is hard to be hilarious about. here's what happened. the white house has been pushing a plan to take c
Dec 6, 2012 7:00am EST
a republican will cut it again. host: rachel in texas. caller: hello. i have two questions to ask. the expense it cost them to move overseas? can that be used as a deductible? our representatives are part of the 47%. what does that cost the taxpayers in taxes? what part of our taxes is paid in their insurance? guest: the answer to the first businessess that this are supposed to deduct all other expenses and that could include closing down a factory and opening up a factory overseas. it will include anything. so democrats have proposed a little change to the tax law which would prevent companies from being able to do that but it would raise that much money, unfortunately. i'm sorry about the other question about health insurance for lawmakers. host: thomas in winter park, florida. caller: good morning. thank you for taking my call. the current tax code is a descendant of the 16th amendment which says that congress should have the power to lay and collect taxes. if we eliminated the holding period for the sale of a capital asset, what do you think that would provide in terms of a taxable amount?